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Crypto news on the cryptocurrency market for 10/27/2022 bitcoin news Bybit Binance QuarkChain
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Crypto news on the cryptocurrency market for 10/27/2022 bitcoin news Ethereum Bybit Binance QuarkChain QKC/BTC, Klaytn (KLAY) KLAY/BUSD, Mask Network MASK/BUSD
1. SHIB gains 8% in 24 hours due to Twitter takeover by Musk.
2. Cardano leads in social and market activity.
3. Dogecoin (DOGE) whales return as DOGE rise above $0.072.
Which cryptocurrency has the highest growth on 10/27/2022:
Mask Network MASK/BUSD +17.19%
Klaytn (KLAY) KLAY/BUSD +29.08%
QuarkChain QKC/BTC +29.82%
QuarkChain (QKC) A Flexible, Scalable, And User-Oriented Blockchain Infrastructure.
Quarkchain is a blockchain infrastructure using Sharding technology to divide the network into sub-groups (shards). As a result, transactions do not require global settlement, but a local shard-level consensus.
Different sub-groups, or shards, are connected by a root chain. The root chain facilitates the communication (data, token, etc.) between shards, and oversees the state of all shards.
The root chain runs a Proof-of-Work (PoW) consensus algorithm. Shards use a root-chain-first-Proof-of-Work algorithm, in which if a fork occurs, the chain with the longest root chain record will survive.
The QKC token is used to pay for gas fees for simple transactions and smart-contract executions, as well as a store of value, and medium of exchange.
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